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In the U.S. unexpectedly increased import prices

In the U.S. unexpectedly increased import prices

In September, u.S. import prices rose 0.2 percent from August, when they also fell 0.2 percent, the labor department said. The increase came as a surprise to economists who did not expect prices to change in August. This was due to a significant increase in the cost of imported fuel into the country. Its price jumped 2.1% after falling by 1.9% a month earlier. The import price index, which excludes fuel prices, fell 0.1 per cent after stability over the previous two months. Non-fuel industrial materials rose by 0.5%, food and beverages decreased in price by 0.8%. Export prices fell 0.2 percent in September, slowing the pace of a 0.6 percent drop in the previous month. Economists also did not expect this indicator to change last month. Prices for foreign-supplied agricultural products fell by 1.8%, slowing the decline relative to the decline of 2.3% in August. Exports of non-agricultural goods fell by 0.1%. In August, there was a decrease in the prices of these goods by 0.3%. The annual import price index fell by 1.6%. The fall in the price of imported fuel in the country in annual terms amounted to 5.1%. Export prices fell by 1.6% compared to the same month last year.
Jacenty Jaworski

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